Host Hotels & Resorts (NASDAQ:HST) Given New $18.00 Price Target at UBS Group

Host Hotels & Resorts (NASDAQ:HST) had its target price boosted by UBS Group from $17.00 to $18.00 in a research note issued to investors on Monday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Other research analysts have also issued research reports about the company. Stifel Nicolaus boosted their target price on Host Hotels & Resorts from $17.00 to $18.50 and gave the company a “buy” rating in a report on Thursday, July 31st. Truist Financial boosted their target price on Host Hotels & Resorts from $17.00 to $19.00 and gave the company a “hold” rating in a report on Wednesday, September 3rd. Morgan Stanley reaffirmed an “outperform” rating on shares of Host Hotels & Resorts in a report on Tuesday, July 15th. Evercore ISI lifted their target price on shares of Host Hotels & Resorts from $19.00 to $20.00 and gave the company an “outperform” rating in a report on Monday, July 28th. Finally, Wells Fargo & Company lifted their target price on shares of Host Hotels & Resorts from $18.00 to $19.00 and gave the company an “overweight” rating in a report on Wednesday, August 27th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $17.77.

Host Hotels & Resorts Price Performance

Shares of NASDAQ:HST opened at $17.17 on Monday. Host Hotels & Resorts has a one year low of $12.22 and a one year high of $19.36. The stock has a market capitalization of $11.81 billion, a price-to-earnings ratio of 18.27 and a beta of 1.36. The company has a 50-day simple moving average of $16.58 and a 200-day simple moving average of $15.52. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.20 and a current ratio of 2.20.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.07. The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Host Hotels & Resorts had a return on equity of 9.90% and a net margin of 11.12%.The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.57 EPS. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. On average, analysts predict that Host Hotels & Resorts will post 1.88 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Tuesday, September 30th. Host Hotels & Resorts’s dividend payout ratio is 85.11%.

Institutional Trading of Host Hotels & Resorts

Several institutional investors and hedge funds have recently modified their holdings of the business. Osaic Holdings Inc. lifted its holdings in shares of Host Hotels & Resorts by 71.0% in the second quarter. Osaic Holdings Inc. now owns 35,030 shares of the company’s stock valued at $525,000 after purchasing an additional 14,550 shares in the last quarter. Orion Porfolio Solutions LLC lifted its holdings in shares of Host Hotels & Resorts by 3.1% in the second quarter. Orion Porfolio Solutions LLC now owns 54,981 shares of the company’s stock valued at $845,000 after purchasing an additional 1,631 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Host Hotels & Resorts by 71.9% in the second quarter. Thrivent Financial for Lutherans now owns 786,082 shares of the company’s stock valued at $12,074,000 after purchasing an additional 328,800 shares in the last quarter. MASTERINVEST Kapitalanlage GmbH acquired a new position in shares of Host Hotels & Resorts in the second quarter valued at approximately $163,000. Finally, Hudson Bay Capital Management LP raised its position in shares of Host Hotels & Resorts by 1,248.1% in the second quarter. Hudson Bay Capital Management LP now owns 929,820 shares of the company’s stock valued at $14,282,000 after buying an additional 1,010,807 shares during the last quarter. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Company Profile

Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. It operates through the following geographical segments: United States, Brazil, and Canada. The company was founded in 1927 and is headquartered in Bethesda, MD.